The investment is estimated to protect more than 4.3 million hectares of land, helping more than 300 rural properties.

After touring one of the properties that has benefited — Evanston station near Longreach in western Queensland — Premier Annastacia Palaszczuk said it had been money well spent.

"It fills me with pride for this whole community that … this was their idea, so this is me listening to their idea, and now we've helped by putting some money forward and now it is happening," she said.

"The money that we have put into this wild dog fencing is working.

"[Now] we want to see more landholders come on board.

"I honestly think this is transformational. This is actually changing people's lives, because it is actually bringing the sheep and wool industry back to this region."

More sheep leads to increased jobs

Over the past two years the Queensland and Federal Governments have worked together to develop a cluster fencing program to benefit not only the graziers but the whole community.

The Queensland Government's predictions show the funding so far will result in an additional 400,000 sheep in the region, which is expected to generate $5.7 million in direct shearing, crutching and lamb marking wages for the area.

In turn it also expects an extra 45 full-time jobs will be created in the region, worth $2.5 million each year.

The Premier said even though the Federal Government had already committed $11 million to wild dog fencing in Queensland, she would like to see it come on board again to help partly fund more fences.

"This is money well spent. You don't get much better than this, because it benefits all of the families that are out here working and living on the land," Ms Palaszczuk said.

Queensland's Agriculture Minister Bill Byrne supported the Premier's comments, saying he could see the value in the program, which was encouraging landholder investment in conjunction with government grants to get Queensland's traditional sheep country behind wire.

But the Minister warned funding would not always be available for wild dog fencing.

"This is not a never-ending government investment. There will be a point where I would expect industry to increasingly accept its responsibility going forward," he said.

Mr Byrne said he could not see the Government stopping funding in the "foreseeable future", but rather once the industry was back on its feet.

The Evanston cluster fence has been partly funded by a government grant.

NT Beverages, which received $10 million of taxpayer's money from an infrastructure fund that has since been abolished, was granted a water extraction licence just hours before entering into voluntary administration.